IMC announces 100 percent dividend

KARACHI: Indus Motors Company (IMC)) has posted a lower profit after tax of Rs2.713 million during the year ending June 30, 2011 and declared a final cash dividend of Rs10 per share.

According to the results despatched to Karachi Stock Exchange (KSE) here Wednesday, pre-tax profit of the company has declined to Rs4.011 billion against Rs5.242 billion in 2010.

Similarly, as earning per share also dropped to Rs34.90 compared to Rs43.81 last year.

However, net sales jumped to Rs61.702 billion during the period under review as against Rs60.093 billion same period last year.

Copyright APP (Associated Press of Pakistan), 2011